Here we go again, Malaysia Today had exposed another scandal involving the Malaysian PM Abdullah Badawi. Abdullah is said to have endorsed the raising of US$50 billion project loan for the 9th Malaysia Plan (9MP) through 2 very suspicious companies.
(1) Asasatu Technology Sdn Bhd, a company based in Permatang Pauh in Penang, is in the process of being wound up.
(2)Union Financial Services Corporation of Sydney, Australia allegedly tainted in world-wide frauds. ( Also Deregistered on 20/06/2006 according to AISC )
Read more at Malaysia Today ‘s How Malaysia is borrowing USD50 billion without borrowing , do not miss the 3 letters presented by the site.
Screenshots : 9MP & US$50 billion